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Dec 26, 2012
12/12
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look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system, so it does -- it does make attorneys a little bit less prone to filing lawsuits. >> all right. but what did they learn in the meantime? i mean, the memo from the ceo seemed to suggest that the language that they used in announcing some of these privacy changes and was very confusing, you know, the fears about people being able to use their own photo wasn't actually accurate. am i reading thag right in. >> i think they are going back on think word was you can't operate insta garage the way you do facebook. with facebook, once they institute a change they go with it. they don't ever back down. with instagram you saw a very vocal audience come out and say that this is wrong, not something that we believe in, and they don't have
look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system, so it does -- it does make attorneys a little bit less prone to filing lawsuits. >> all right. but what did they...
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141
Dec 27, 2012
12/12
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, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorified sense of the senate resolution so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president h
, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called...
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Dec 28, 2012
12/12
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>> well, this year i'm transferring the majority of my ranch, as long as we're under the tax laws that we have in the next few days, majority of my ranch will go to my sons, and i'm basically semi-retired, shall we say. >> what -- what is happening, bob, is more and more family-owned ranches, the family is having to sell the farm or the ranch because they can't afford the taxes, and the value of those farms and ranches has gone up over the time because of the tremendous interest in farmland these days, right? >> well, most of it in our area has been bought up by outside money for recreation purposes. we live in a very scenic area. it's not all that conducive sometimes to agriculture because we only get about 14 inches of rain, but we have beautiful trout streams and wildlife, and there's been a lot of influx of people with deep pockets buying ranches in montana, and the average price in our area has gone for over 2,000 an acre which cows can't pay for so trying to keep it in the family -- >> so an unintended consequence of raising the tax and lowering the threshold is exactly that thou
>> well, this year i'm transferring the majority of my ranch, as long as we're under the tax laws that we have in the next few days, majority of my ranch will go to my sons, and i'm basically semi-retired, shall we say. >> what -- what is happening, bob, is more and more family-owned ranches, the family is having to sell the farm or the ranch because they can't afford the taxes, and the value of those farms and ranches has gone up over the time because of the tremendous interest in...
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Jan 2, 2013
01/13
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there's something called a personal exemption phase out in this law which limits your ability to take tax exemptions such as your kids. those are almost entirely phased out by $500,000 worth of income, and then there's something known as pease which is named after the congressman who invented it, a cap on your deductions for over 250,000, so that they don't have so many deductions they escape tax liability all together. if you make $300,000 a year, you're 50,000 over the threshold and a formula is applied to all of the deductions. in this case you have to subtract about 1,500 bucks off your itemized deduction tote a. that's an across-the-board haircut on deductions so it's going to impact everything you typically deduct, like your mortgage or charitable giving or anything. both of these new taxes hit people well below the much publicized $450,000 limit. that's going to surprise some taxpayers come next year, bill. >> once again, another bill that is a tax accountant employment act. >> absolutely. >> right? >> financial planners, too. >> thanks for understanding pease. >> p-ase be with
there's something called a personal exemption phase out in this law which limits your ability to take tax exemptions such as your kids. those are almost entirely phased out by $500,000 worth of income, and then there's something known as pease which is named after the congressman who invented it, a cap on your deductions for over 250,000, so that they don't have so many deductions they escape tax liability all together. if you make $300,000 a year, you're 50,000 over the threshold and a formula...